2Bays Confirms No Refinery Restart as Curaçao Eyes New Industrial Path

A proposed development at Buskabaai, a bay on the western coast of Curaçao, could expand the island's total harbor capacity by approximately one-third, according to reporting by the Curaçao Chronicle. The project represents a significant potential boost to the island's maritime infrastructure, which plays a central role in trade, logistics, and cruise tourism. If realized, the expansion would meaningfully increase Curaçao's ability to accommodate larger volumes of cargo and vessel traffic. The development is being discussed in the context of growing regional competition among Caribbean ports for shipping and logistics business. Curaçao's existing port at Willemstad is already one of the busiest and most strategically located in the southern Caribbean, serving as a key transshipment hub. Adding Buskabaai's capacity could solidify the island's position as a leading maritime destination in the region. Details on investors, timelines, and regulatory approvals have not yet been fully disclosed.

Curaçao's shipyard is eyeing a €100 million expansion as the offshore oil boom in neighboring Guyana and Suriname opens up significant new demand for maritime services. The facility is positioning itself as a regional hub for vessel repair, maintenance, and support operations tied to the rapidly growing oil and gas industry in both countries. Guyana has emerged as one of the world's fastest-growing oil producers in recent years, while Suriname is advancing its own offshore exploration and development. Curaçao's strategic location, deep-water port infrastructure, and existing shipyard capabilities make it a natural candidate to service the fleet of offshore vessels operating in the region. The planned investment would significantly expand the yard's capacity and workforce, with broader economic benefits expected for the island. If executed, the expansion could cement Curaçao's role as a critical maritime services center for the southern Caribbean and northern South American energy sector.

The Association of Dutch Caribbean Economists (Economenclub) conducted a field excursion to the Schottegat, Curaçao's large natural harbor and shipping area, to assess its economic opportunities and development potential. The group met with various organizations operating in and around the harbor during the visit. The Schottegat is a historically significant body of water that has long served as a hub for maritime industry, oil refining, and port activities on the island. The excursion reflects growing interest in diversifying and maximizing the economic value of Curaçao's harbor infrastructure. By engaging directly with stakeholders on the ground, the Economenclub aims to build a clearer picture of how the area can contribute to the island's broader economic future. The findings from this research could inform policy recommendations or investment strategies related to the maritime and port sector.